Tuesday, June 1, 2004

When I first started with the Gas Game, one of my rules was that if prices stayed the same for a few days, expect a price hike. In Standale, the price has been stuck on $2.05 for a week, although it is below $2 elsewhere. Meanwhile, the big talk on CNBC this morning is that oil is back above $41 a barrel after the terrorist attack in Saudi Arabia this weekend. I think it is price hike time, and probably today, and probably something like $2.17 a gallon. (Of course, I said the same thing last Wednesday, so make your own final decisions!) The price hike was on Wednesday, to $2.18, so pretty much CORRECT, though a day early. I was able to get gas for $1.89 on Wednesday morning on 44th street.

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